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Press Release Press Release Brussels, 16 December 2013 AG Insurance places EUR 450,000,000 Fixed-to-Floating AG Insurance Rate Callable Subordinated Notes due 2044 E. Jacqmainlaan 53 B-1000 Brussel Telefoon AG Insurance, a market-leading Belgian insurance company and part of the Ageas group, announces the successful placement of EUR 450,000,000 Fixed-to-Floating Rate Callable +32(0)2 664 81 11 Subordinated Notes due 2044 (the “Notes”). Fax +32(0)2 664 81 50 www.aginsurance.be With this offering, AG Insurance intends to further optimise its capital structure. The Notes will have an interest rate of 5.25% per annum, payable annually, up to their June 2024 first call date and will from such first call date bear interest at a floating rate of 4.136% per annum above 3-month EURIBOR, payable quarterly. The Notes provide for a quarterly optional call by AG Insurance as from June 2024 and for the optional or mandatory deferral of interest under certain circumstances. The Notes will qualify as available solvency margin under the prevailing European regulatory capital regime for insurers (Solvency I). The Notes will be subscribed by ageas SA/NV and BNP Paribas Fortis SA/NV. Subject to the satisfaction of the conditions precedent contained in a subscription agreement with ageas SA/NV and BNP Paribas Fortis SA/NV, the Notes are expected to be issued on 18 December 2013. Application has been made to the Luxembourg Stock Exchange for the Notes to be admitted to listing (ISIN code: BE6261254013) on the official list of the Luxembourg Stock Exchange and to be admitted to trading on the Luxembourg Stock Exchange’s regulated market. AG Insurance will use the net proceeds of the issue of the Notes in priority to fully redeem an outstanding subordinated loan to ageas SA/NV in the amount of EUR 150,000,000. The remaining net proceeds will be used for general business purposes. AG Insurance nv, E. Jacqmainlaan 53, B-1000 Brussel - RPR Brussel - BTW : BE 0404.494.849 For more information, please contact: Gerrit Feyaerts Press relations AG Insurance Tel: 02/664.09.61 - GSM: 0486/38.86.24 e-mail: [email protected] With a total market share of 22.1% by the end of 2012 (27.5% in life insurance and 16% in nonlife insurance), AG Insurance is market leader on the Belgian insurance market. It owes this position to a broad and high-quality product range, an excellent service and its cooperation with a network of independent insurance brokers, with Fintro agents and with the branches of BNP Paribas Fortis and bpost bank. AG Insurance employs more than 4,000 specialised staff members. Go to www.aginsurance.be for more information. THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE “SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER RELEVANT JURISDICTION AND THE NOTES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS, EXCEPT IN A TRANSACTION NOT SUBJECT TO THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE AND LOCAL SECURITIES LAWS. TERMS USED IN THIS PARAGRAPH HAVE THE MEANING GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT COMPLETE AND MAY BE CHANGED. THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL NOR IS IT SOLICITING AN OFFER TO BUY SECURITIES IN ANY JURISDICTION WHERE SUCH OFFER OR SALE IS NOT PERMITTED. THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND IS NOT A PROSPECTUS FOR THE PURPOSES OF EU DIRECTIVE 2003/71/EC, AS AMENDED. A PROSPECTUS HAS BEEN PREPARED AND WILL BE MADE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH THE DIRECTIVE. THE PROSPECTUS WILL BE AVAILABLE ON THE WEBSITE OF THE LUXEMBOURG STOCK EXCHANGE AND IN HARD COPY AT THE OFFICES OF THE ISSUER. NEITHER THE ISSUER NOR ANY SUBSCRIBER HAS MADE ANY REPRESENTATION THAT ANY ACTION WILL BE TAKEN IN ANY JURISDICTION BY THE ISSUER OR THE SUBSCRIBERS THAT WOULD PERMIT A PUBLIC OFFER OF THE NOTES IN ANY COUNTRY OR JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. .
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